Global Energy Report

Region

Middle East

The OPEC core around the Persian Gulf, plus the Strait of Hormuz, the chokepoint that roughly a fifth of the world's oil passes through.

Regional crude production

EIA STEO · Aug 2026

Saudi Arabia

6.25M bbl/d

▼ 31.3% YoY

Iraq

3.30M bbl/d

▼ 25% YoY

Iran

2.10M bbl/d

▼ 36.4% YoY

Kuwait

1.87M bbl/d

▼ 23.7% YoY

Trend lines: trailing 24 months (Sep 2024 – Aug 2026), quarterly ticks. Click a card to expand. Source: EIA STEO.

Country production from EIA STEO; basin outline from the USGS World Petroleum Assessment; prices are live.

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